IMARC Group, a leading market research company, has recently releases report titled “Japan Halal Food Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The Japan halal food market size is projected to exhibit a growth rate (CAGR) of 9.50% during 2023-2028.
What is Halal Food?
Halal food refers to foods and beverages permissible to consume under Islamic law, as defined in the Quran. They are obtained from sources allowed by Islamic dietary laws, such as animals. Their production involves processing, packaging, and storage in spaces without cross-contamination with forbidden substances. They avoid substances prohibited in Islamic dietary laws, such as pork or its by-products and alcohol. Besides this, they do not involve other ingredients, including alcohol, silicone-based polymer, L-cysteine, and lipase, which are harmful to human consumption. Moreover, as they offer a lower risk of food contamination with dangerous pathogens, the demand for halal foods is increasing across Japan.
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What are the growth prospects and trends in the Japan Used Car industry?
The rising number of Muslim residents, including students and expatriates, represents one of the key factors catalyzing the demand for halal food in Japan. Furthermore, many organizations and communities are actively educating the public about halal food and its principles and benefits, which is resulting in increased acceptance and curiosity. Moreover, the active participation of Japan in international halal food expos to build connections with halal food producers is propelling market growth. Additionally, strengthening business relationships with countries that have large Muslim populations is leading to a natural increase in halal product imports and familiarity. Apart from this, the easy availability of halal products across online distribution channels is favoring market growth.
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